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Nations Trust Bank extends partnership with WNPS for 5th consecutive year

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From left to right: Ayura Perera : Personal Assistant, Legal & Secretarial (NTB), Jehan CanagaRetna -General Secretary (WNPS), Spencer Manuelpillai-Vice President (WNPS) , Sriyan de Silva Wijeyeratne – president (WNPS), Priyantha Talwatte – Director / Chief Executive Officer (NTB), Theja Silva Group Company Secretary/ Head of CSR (NTB), Hemantha Gunetilleke- Deputy Chief Executive Officer (NTB), Sanjaya Senarath- Chief Marketing Officer (NTB), Chintake Yapa – Assistant Vice President – Sustainability (NTB), Harini Udugampola -Senior Manager – Legal Security Documentation (NTB)

Continuing its commitment to environmental stewardship, Nations Trust Bank recently renewed its partnership with the Wildlife and Nature Protection Society (WNPS). The Bank signed an agreement to become the sole sponsor of WNPS’s publications – ‘LORIS’, ‘Warana/Varanam’ biannual magazines and ‘The Jungle Telegraph’ quarterly newsletter in addition to funding the organization’s Monthly Lecture series.

Commenting on Nations Trust Bank’s efforts to strengthen their relationship with WNPS was Priyantha Talwatte, Director/Chief Executive Officer at Nations Trust Bank. “It is truly an honor and privilege for Nations Trust Bank to be able to continue to support WNPS, one of the oldest societies of its kind in the entire world. Nations Trust Bank is committed to deliver sustainable long-term impact and our choice of partnership with WNPS is an investment of ensuring the Sri Lanka’s fauna, flora and biodiversity is protected for the future generations. Through this partnership, the two renowned publications Loris, Warana/Waranam, and the Nations WNPS monthly lecture series will be able to expand its reach and educate our citizens to become more sensitive and better appreciate Sri Lanka’s unique biodiversity. The goal for both organizations is to collectively build an ecological consciousness and create a better world for generations to come.”

Published by the WNPS for the past 85 years, LORIS, Sri Lanka’s oldest wildlife and conservation journal includes the latest scientific research and environmental understanding to create awareness on species at risk and current conservation efforts to save the country’s biodiversity. The journal also features anecdotal narratives accompanied by photographs of the flora and fauna.

Warana, the magazine first published in Sinhala in 1976, which later added a Tamil counterpart called Varanam, is the country’s first bilingual magazine on nature. The magazine features research conducted by local university students including insightful articles and information on environmental issues and conflicts.

The Nations WNPS monthly lecture series brings together a lineup of environmental experts to share information on topics ranging from plastic pollution and unsustainable fishing practices to the latest endemic bird to the leopards of Wilpattu National Park. The 60-minute lecture and Q&A session aims to educate and encourage the public to take action in various conservation fronts.

Sriyan de Silva Wijeyeratne, President of the Wildlife and Nature Protection Society said, “WNPS would like to express our gratitude towards Nations Trust Bank for constantly advocating for our organization, allowing us to continue shaping the wildlife and nature protection agenda of Sri Lanka. Through collaborations such as this longstanding partnership with Nations Trust Bank, we’re able to conduct scientific research and keep the public informed about the importance of wildlife and nature conservation in this country and protect it from further destruction.”

For years, Nations Trust Bank has implemented multiple environmental initiatives to foster biodiversity research and education, reforestation and species conservation and climate change action. The most recent being the ‘Mihikathata Avurudu’ program, where the Bank will plant a sapling across a one-acre land in the Hiyare Rainforest on behalf of every customer who opened a new Current Account, Savings Account or an Investment Plan with the Bank during the week of Avurudu.

Nations Trust Bank PLC is among the top 15 business establishments in Sri Lanka as ranked by Business Today. Stemming from its vision of “helping people and businesses by providing financial services and information to achieve their goals and aspirations in a sustainable way”, the Bank serves a diverse range of customers across both individual and corporate, with an enviable portfolio of banking and financial products and services. Strongly focused on digital empowerment through cutting-edge digital banking technologies, the Bank is a pioneer in many innovative customer centric banking solutions such as extended banking hours, and FriMi – Sri Lanka’s first digital banking experience. Delivering premium value, service and connecting its Card Members to rewarding experiences and opportunities Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka. The Bank operates 96 branches across the country and has an ATM network covering 127 locations and 48 Cash Deposit & Withdrawal Machines, plus more than 3,700 ATMs on the Lanka Pay Network.



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CDS signs up with Lanka IOC to act as Registrar

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The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel retailer in Sri Lanka. Over the years, the company has made a significant impact on the socio-economic landscape by enabling mobility, economic activity, and development. With an island-wide footprint of 213 retail outlets, the company services 12% of the country’s retail fuel demand.

Reasoning on appointing CDS, as the Registrar for Lanka IOC PLC, its’ Managing Director, Manoj Gupta, said, “we engaged CDS to conduct our virtual annual general meetings during the period of COVID 19 pandemic where all listed companies were not in a position to convene any physical meeting as it was most essential to maintain social distance. We found the services rendered to us by CDS were highly satisfactory. Thus, we are happy to appoint CDS as the Registrars of the company.” “CDS has provided the service of handling the dividend payments to shareholders consecutively for the last
three years and carried out the functions in a very good manner, coordinating well with the bankers and shareholders,” added the Company Secretary of Lanka IOC PLC, Ms. Amali Liyanapatabendi

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SLT-MOBITEL honoured at Asian Technology Excellence Awards 2022

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Reiterating its leadership in innovative broadband deployment solutions, SLT-MOBITEL, the National ICT Solutions Provider was honoured with the prestigious ‘Technology Excellence Award for Network and Broadband – Telecommunications’ at The Asian Technology Excellence Awards 2022. The recognition is in appreciation of SLTMOBITEL’s innovative use of LTE 850MHz broadband solution which provides extensive coverage to rural areas of the country.

Understanding the need to provide superior rural connectivity to support the nation’s ongoing digital transformation and bridgingn the digital divide, SLT-MOBITEL’s innovative LTE 850MHz network strategically combined the underutilized spectrum from obsolete CDMA fixed line operations and forfeited its resources to obtain a new noninterfered 5MHz band for 4G LTE deployment from The
Telecommunication Regulatory Commission of Sri Lanka (TRCSL). This enabled, SLT-MOBITEL to significantly enhance rural connectivity across Sri Lanka, empowering every Sri Lankan to avail the benefit of SLT-MOBITEL’s Sub1GHz 850MHz LTE network especially during Covid-19 travel restrictions where broadband had become a necessity for everyone. In addition, SLTMOBITEL’s LTE 850MHz solution recovered valuable national spectrum resources which was interfered and exhausted earlier. With the coverage enhancement the mobile arm was able to connect an additional 700,000 subscribers who did not have access to broadband services earlier. With the LTE 850MHz deployment, SLT-MOBITEL was able to further bolster its support during COVID-19, providing rural communities especially the school children, people who worked from home and national authorities to immediately respond to Covid-19 emergency situations, thereby narrowing Sri Lanka’s digital divide

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Lingering debt-restructuring worries trigger share market volatility

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By Hiran H.Senewiratne

CSE trading was characterized by a marked degree of volatility yesterday. The CSE started trading on a positive note but by mid-day the market had turned negative, only to register some recovery during the latter part of the day. But the recovery could not be fully sustained, market analysts said. Market volatility could be traced to the worry among traders that the Chinese government is yet to respond
positively to the Sri Lankan government’s debt restructuring plan, although the Chinese Exim Bank responded positively to the IMF bailout proposition, analysts said. Stock market mid- day shares fell on
profit- taking after the market had continuously been on green after debt restructuring assurances by major creditors, an analyst said. “However, the anticipated rate cut wasn’t met and the
market over- reacted and moved to red, the analyst added.

Amid those developments both indices indicated a downward trend.The All- Share Price Index went down by 11.5 points and S and P SL20 declined by 2.78 points. Turnover stood at Rs 1.2 billion with two crossings. Those crossings were reported in Melstacorp, where 594,000 shares crossed to the tune of Rs 29.7 million, its shares traded at Rs 50 and Horana Plantations 300,000 shares crossed for Rs 21 million, and its shares traded at Rs 70. In the retail market, top seven companies that mainly contributed to the turnover were, Lanka IOC Rs 269 million (1.3 million shares traded),Softlogic Life Insurance Rs 147 million (1.3 million shares traded), Softlogic Capital Rs 122 million (eight million shares traded), LOLC Holdings Rs 71.9 million (158,000 shares traded), Expolanka Holdings Rs 54.4 million (289,000 shares traded), Browns Investments Rs 41.9 million (six million shares traded) and JKH Rs 41 million (298,000 shares traded). It is said that high net worth and institutional
investor participation was noted in Agstar, Melstacorp and JKH. Mixed interest was observed in Lanka IOC, Expolanka Holdings and LOLC Holdings, while retail interest was noted in LOLC Finance, Browns Investments and Softlogic Capital.

The Materials sector was the top contributor to the market turnover (due to Agstar), while the sector index gained 0.18 per cent. The share price of Agstar increased by 50 cents (3.23 per cent) to
close at Rs.16. The Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Holdings), while the sector index increased by 2.16 per cent. The share price of LOLC Holdings appreciated by Rs. 21.75 (5.11 per cent) to close at Rs. 447.25. During the day 41 million share volumes changed hands in 14000 transactions.

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